Forescout Technologies Inc (NASDAQ:FSCT) Director Enrique T. Salem sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $35.71, for a total transaction of $107,130.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Forescout Technologies traded down $1.23, hitting $34.05, during midday trading on Friday, Marketbeat reports. The company had a trading volume of 3,640,282 shares, compared to its average volume of 809,135. Forescout Technologies Inc has a 52-week low of $21.56 and a 52-week high of $37.81. The company has a current ratio of 2.10, a quick ratio of 2.09 and a debt-to-equity ratio of 0.12.
Forescout Technologies (NASDAQ:FSCT) last announced its earnings results on Thursday, May 10th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.07. The company had revenue of $59.70 million during the quarter, compared to analysts’ expectations of $55.91 million. The company’s revenue was up 41.5% compared to the same quarter last year. equities analysts anticipate that Forescout Technologies Inc will post -1.03 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in FSCT. Clearbridge LLC purchased a new position in Forescout Technologies in the fourth quarter worth $16,428,000. BlackRock Inc. purchased a new position in Forescout Technologies in the fourth quarter worth $14,708,000. AO Asset Management LP purchased a new position in Forescout Technologies in the first quarter worth $11,082,000. Clearbridge Investments LLC purchased a new position in Forescout Technologies in the fourth quarter worth $10,367,000. Finally, Driehaus Capital Management LLC purchased a new position in Forescout Technologies in the fourth quarter worth $9,055,000. Institutional investors own 43.64% of the company’s stock.
FSCT has been the subject of a number of recent analyst reports. Stephens initiated coverage on shares of Forescout Technologies in a research report on Thursday, April 5th. They set an “overweight” rating and a $37.00 price target for the company. FBN Securities initiated coverage on shares of Forescout Technologies in a research report on Thursday, April 5th. They set an “outperform” rating for the company. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Tuesday, April 10th. UBS Group boosted their price target on shares of Forescout Technologies from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, April 26th. Finally, ValuEngine upgraded shares of Forescout Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.13.
Forescout Technologies Company Profile
ForeScout Technologies, Inc provides network security products in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers ForeScout CounterACT agentless technology that discovers, classifies, and assesses IP-based devices; ForeScout extended modules, which represent integrations across vulnerability assessment, advanced threat detection, security incidence and event management, enterprise mobility management, endpoint protection and endpoint detection and response, next generation firewall, privileged access management, and IT systems management vendors, as well as compliance; and ForeScout CounterACT Enterprise Manager, a centralized security management solution for the control of various appliances deployed on an end-customer network, as well as maintenance and professional services.
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